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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Banks
1965 Atwood Ave Madison, WI 53704-5220
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US92-0901734
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1925
Total area
2,560 SF
Lot
0.41 ac (17,981 SF)
Zoning code
TSS
APN
0710-063-1404-2
UPID
US92-0901734
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Monona Bank Atm
-
Lake Ridge Bank Bank Loan Service
-
Rotunda Cafe Cafe & Coffee Shop
-
PrintWithMe Print Kiosk at Rotunda Cafe (Bike/Boat/Book/etc) Store Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$715k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$401k
Blend (final)
Blend
$560k
Owner & transaction history
Atwood Avenue Property Group LLC · 10 yrs held
Atwood Avenue Property Group LLC
since 2015
5 recorded transactions
Zoning & alternative use
TSS · Madison, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$425,000
+51.0%
Auto repair, garage
$375,000
+32.8%
Retail stores
$355,000
+26.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Madison submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Madison submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$715,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$425,000
Change: +51% · Conversion: Difficult
AUTO REPAIR, GARAGE
$375,000
Change: +33% · Conversion: Difficult
RETAIL STORES
$355,000
Change: +27% · Conversion: Difficult
Blend value · Realmo final
$560k
Range $504k – $616k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$219 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$66,404
Tax year 2022
Assessed value
$4,158,500
Assessed 2023
Previous assessed
$3,331,600
+24.8% YoY
Effective rate
1.60%
On assessed value
Assessed land
$129,000
Assessed improvement
$4,029,500
Applied tax rate
3,269.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1925
Heating
NONE
Buildings
2
Stories
2
Total area
2,560 SF
Lot
0.41 ac (17,981 SF)
Zoning code
TSS
APN
0710-063-1404-2
UPID
US92-0901734
Jurisdiction
DANE
Zoning & alternative use
TSS · Madison, WI
Zoning TSS · permitted uses
TSS · Madison, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Madison. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$425,000
AUTO REPAIR, GARAGE
Est. value
$375,000
RETAIL STORES
Est. value
$355,000
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1925
Heating
NONE
Stories
2
Buildings
2
Lot
0.41 ac
Current owner
From public records · entity-resolved
Atwood Avenue Property Group LLC
Entity
Mailing address
1955 ATWOOD AVE, MADISON, WI 53704-5464
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 6, 2015
$2,995,000
Atwood Avenue Property Group LLC
Midwest Real Estate Properties LLC
Warranty Deed
$2,920,000 · Monona State Bank
—
—
Midwest Real Estate Props LLC
—
Deed Of Trust
related
$53,397 · Johnson Bank
—
—
Atwood Avenue Property Group L
—
Loan Modification
related
$3,300,000 · Monona St Bk
—
—
Midwest Real Estate Props LLC
—
Deed Of Trust
related
$2,812,348 · Johnson Bank
—
—
Midwest Real Estate Props LLC
—
Deed Of Trust
related
$100,000 · Johnson Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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